Norion Bank plans merger of Consensus and Strand into Norion Wealth Management with SEK 16 billion AUM

• Norion Bank outlined plans to integrate Consensus Asset Management, rebranded as Norion Wealth Management, with Strand Kapitalförvaltning.
• The combined wealth unit targets about SEK 16 billion in assets under management, aiming to scale recurring revenue through a broader client offering.
• Strand is set to be merged into Consensus, creating a wholly owned subsidiary, subject to regulatory approvals.
• Fund products are planned to be consolidated under the Strand Fonder brand, with the corporate and fund integration targeted for H1 2027.
• Andreas Moritz is expected to lead the unit, with Johan Thorén slated to become chief investment officer following the merger.

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